Many of you may have seen the 25% drop in Trump Media today (still over $6 Billion market cap) but the CNBC story here also covers something that comes as no surprise.
TMTG also disclosed to regulators that the company had identified “material weaknesses in its internal control over financial reporting” when it prepared a previous financial statement for the first three quarters of 2023.
As of Monday, Trump Media said these “identified material weaknesses continue to exist.
So, anyone surprised that money may be leaking out the edges? After all, we know that TFG has always been on the up and up regarding reports.
So, investors, expect to be added to TFG’s list of rubes.